WGU C207 OA Practice Test New Questions 2024 with 100% Correct Answers | Verified | Latest Update | 100% Pass | Already Graded A+

WGU C207 OA Practice Test New Questions 2024 with 100% Correct Answers | Verified | Latest Update | 100% Pass | Already Graded A+ Simple indexing Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index assign a weight to allow for significant differences in the index. Reasons for including analytics in decision-making decrease cost of data storage increase processing power Descriptive Analytics using current and past data for strictly descriptive purposes. i.e. car price data shows a 2% increase over the prior year a manager wants to know why sales spiked during the prior quarter Predictive / Inferential Analytics using current and past data to predict/estimate future. i.e. based on the past 10 years of data for car prices, we predict an increase of 1.5% over the upcoming year. Prescriptive Analytics using past data to PREDICT or ESTIMATE future in order to optimize operations